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What is Land Selling for This Month

Land prices in Iowa, Wisconsin, and Minnesota were higher with more buyer interest than the previous month. Land sold for many reasons including estates, dissolving business partnerships, clients moving and clients doing 1031 exchanges into other land. The main driver for buyers was interest rates and loan terms as well as scarcity in the market, proximity to current owned land or an operation, rural building opportunities or hunting land purchases in desirable neighborhoods.


There were many negatives that could have affected the market prices of land however did not. There was a ground hurricane in central Iowa that substantially affected the expected overall crop quality and storage capacity statewide. Interesting point was this only changed the prices of commodities 10-15% in the corn and soybean markets. This translates to the crop being strong across the county and supply remaining high.


Land Prices in the month of August, 2020 per acre:

Wisconsin Tillable $4200 – $8000

Wisconsin Timber $3500 – $5000+

Iowa Tillable $6500 – $11,100

Iowa Timber $4000 – $7600

Minnesota Tillable $5000 – $7800

Minnesota Timber $3000 – $4250


Land prices moving forward are expected to remain stable through the end of the year due to interest rates, demand, and hedges against inflation. We have some potential negatives to watch out for moving onward. The election has caused concern due to the proposed tax changes effecting 1031 exchange and the removal of the step up in basis benefiting heirs to estates. This in my opinion would slow the market and be a negative to land prices in the future if there was an administration change.
If you or someone you know is interested in purchasing land, selling a property in the future, or needs a land appraisal contact one of our qualified agents or appraisers today. They are an excellent resource for finding property as well as answering any questions you may have.

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What is Land Selling for This Month

How is farmland selling? What is hunting land selling for? These were the topics of the month as sellers started to re-enter the market and our list of buyers continued to grow. Interest rates, commodity prices, livestock, and milk are all low. The stock market has corrected over the last few months from its low, and the Covid-19 topic has a very different opinion from person to person.
What has caught my eye throughout the month were two things: First was land prices, which were stable to up over June numbers, with some of the rural rental properties and recreational properties increasing in cashflow. Smaller hunting and recreational tracts sold between $4000-$8565 per acre… that is not a typo. Buyers of land especially in the recreational and buildable acreage categories were very motivated and looking for the right properties. Second was interest rates, including rate lock term and amortization schedule banks offered on land. I spoke to multiple banks throughout the month offering rate locks 5-10 years, 3.75-4.25%, and 20-25 year amortization schedules. These two things are keeping our market hot for the time being with many buyers looking for land and have created a shortage of inventory.
Land Prices in the month of July, 2020 per acre:Wisconsin Tillable $4200 – $8000Wisconsin Timber $3500 – $5000Iowa Tillable $6500 – $9650Iowa Timber $4000 – $8565Minnesota Tillable $5000 – $7500Minnesota Timber $3000 – $4250
We are scheduling auctions for 3rd and 4th Quarter currently with current auctions scheduled for Sept 23rd, Oct 7th, and Oct 28th. If you know someone looking to sell a property at a listing or auction now is a great time to prepare the photos and videos. Call one of our agents today for a free proposal to find your properties High Point.
High Point is now offering licensed Certified General Appraisals. If you need an appraisal for a loan or for estate purposes, we would be happy to help. 

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What is Land Selling for This Month

What is land worth? What is Land Selling for? Is Covid affecting Farmland prices? What are land interest rates? These are all questions we were covered with over the month of June 2020. The quick answer is the market is very stable and slow to respond… it’s land.
The reality to each question is a longer conversation that is a little different for each market we do business in Iowa, Wisconsin and Minnesota as well as the different categories of tillable land, hunting land, buildable land, etc; however we will give you a nice update from above as we had our biggest 2nd quarter ever selling nearly 40 tracts. 
What is Land Worth? What is land worth and what is it selling (below) for are a couple different questions. For the most part land with a rate of return in our service area is selling for 1.5-5% annual net ROI. Land has many different values to many different people. A simple example of this is a family that bought a farm this quarter to hunt and fish with their families and build great memories, compared to another who was an out of state investor that did not ever view the farm and commented our videos and photos were so high quality why would he waste the weekend traveling. This is a simple but very real difference in the land market and what land is worth to different types of buyers. This is big reason why our marketing efforts are so diverse on properties to appeal to many different types of buyers to achieve a properties High Point value. 
What is land Selling for? Land in our service area is selling at these ranges CREP or wetland $800-$1500/ac, Timber ground $3250-$6000 and Tillable land $4000-$12,000. The ranges are all based on quality, neighborhood, exposure, marketing, water, buildable, access, etc. That is why it is so important to talk to a professional in our organization. To help this nail down a little more, I will use a CPI or CSR2 ratio. Land in Minnesota is in the $75-$85/CPI point and in Iowa $95-$115/CSR2 point. If you would like an exact number, we would be happy to have a conversation with one of our agents directly. 
Is Covid affecting Farmland prices? We would respond a big YES. If anything they have affected them positivity. Government money pouring into the hands of buyers, people on unemployment wanting to spend more time outdoors, people wanting to be outside of the city, and people not liking the volatility of that stock market have our buyer lists longer than ever. 
What are land interest rates? Interest rates are not only the lowest we have ever seen them but the banks motivation to lend and the rate lock terms and amortization schedules are “unprecedented” From an interest rate perspective for those who require a loan to purchase land there has never been a better time. We are seeing rates in the 3.25-4.25% range on land purchases on a regular basis across many lenders. 
We hope this land market finds you well. Keep us in mind is you hear of anyone looking to buyer or sell or needing a land appraisal. 
We are here to help.

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What is Land Selling for This Month

Land prices for the month of May 2020 were stable to slightly lower overall across our entire Midwest service area. We saw many “investor” classified land buyers make offers and express interest in the land and rural real estate market. We had our largest closing month ever finalizing many land auction sales from April as well as scheduled new auctions and brought new listings to the market that had unprecedented high interest levels as soon as they hit the market.

The stable levels of land prices came on the highly desirable tracts of hunting, recreational, tillable, and rural homes. Properties with good timber assets, good soil quality and tile situations or on blacktop with well-kept building sites were among the highest internet’s levels. The high per tillable acre across all states was Iowa at $9650/acre followed by a Wisconsin 200 acre tillable farm sold at auction for $8000/acre.

The properties that traded at lower prices were those of lesser quality in one or more categories. Tile, water issues, poor hunting neighborhood, access to utilities, public roads, cities or local amenities were factors to these tracts as well as lower soil quality, cut up smaller fields, and work needing to be completed on the properties made for negative impacts on the price of those properties.

Overall, the land market has remained stable with good equity in land as well as many new buyers entering the market and looking at property as approved buyers. If you or someone you know is interested in purchasing land or selling in the future, this is a great time to do or plan for either for many reasons; rates have remained low and land as an investment looks very positive.

Contact one of our agents today or check out our website for more available properties in your area.

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What is Land Selling for This Month

Farmland prices for the month of April 2020 were relatively stable overall. We had 6 auctions consisting of over 1,800 acres in Wisconsin, Iowa, and Minnesota as well as many listed properties and off-market transactions take place.

The market showed us a few things to note this month as far as the current market pricing/situation update. First, high-quality ground was overall hardly affected. The top end outliers did not happen, however the average stayed right about the same. Medium quality land was down 5-10% and the low-quality ground is what brought the group average down the most. Land that was either very light, wet or flooding, and poor quality overall from a hunting or tillable perspective had less interest and in turn achieved less of a price. Second, we saw more transactions than we originally thought we would. Buyers with 1031 exchanges were higher than usual, stock market exits were higher and buyers with low interest rate lock intentions were all a positive to the market. Third, we saw more people than ever willing to bid online and 2-3 times the registered bidders for auctions. People believe in land and the stability it offers more than ever and are seeing it as a safe haven that can be enjoyed on top of the financial benefits. Last, we had an increase in sign and directional calls from buyers driving around looking for land instead of on the Internet. There was an increase in number of rural property showings and land interest overall more than we have seen in the last 4 months.

There are many unfortunate things happening to agriculture currently. However, I was reminded by a man far older and more experienced than myself this week that when interest is affordable, markets are down, and things don’t look so good; there are usually good times, higher rents and new record high prices coming down the road. If you can lock in a good deal today you might be happy you did a few years from now.

If you or someone you know is interested in land as an investment, a nice place to get out of town to spend time with friends and family, or a home in the country give one of our agents a call today. We have a large list of current listings with motivated sellers.

Enjoy this wonderful “normal so far” spring weather!

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What is Land Selling for This Month

Farm Land prices today and what I see for the future.

Over the last 30 days we again had to adjust. There will always be new obstacles that need to be overcome. Here’s what I have noticed about land owners, buyers, sellers, bankers, accountants, farmers, and rural land investors involved in agriculture over the last 2 weeks.

To be involved in agricultural land or become involved in one way or another people seem to have one common. That common is the general belief that we will always have to grow, extract or place things on or in land. Whether it be using the water or wind to generate power, growing crops for human or animal consumption, or extracting sand or minerals for concrete; it all comes back to the LAND.

The thing I have noticed about the people is we have become very realistic and resilient to fear and media negativity. Sure, we may have to change the way we do things for a little bit but we all deal with disease, weather, market changes, and problems every day and this is just another adjustment we are having to deal with and have remained very calm and stable as a group.

Land prices have remained very stable with an increase in buyer interest in the stable land investment category. In the last 5 days I have watched every sale I can putting a price on what it should sell in advance of the sale, only to watch it hit that number or even go higher. The last 5 auctions or listings have ranged from $8,600/ac, $4,717/ac, $7,625/ac $8,125/ac $6,240/ac. Tillable or recreational, good or bad, you name it; it has all stayed on course.

What I see for the future is an increase in people being interested in land as an investment and here’s why. The simple saying of you cannot make more of it keeps replaying in my mind. You can make more offices, apartments, stocks, bonds, companies, or houses and they have been overbuilt and are about to struggle if they already are not. Those assets have all been created at extreme rates with favorable times for the last decade. Land in our service area has experienced the opposite since about 2012 coming off a boom from 2008-2012. We have had high operating interest rates, low commodity prices, low milk prices, trade war issues, and major weather challenges, just to name a few. We have had a slip in land prices and rental rates over the last 5-10 years and are now sitting at good 3-5% ROI’s on land with cheaper interest rates than ever. Here’s my positive outlook “what if”. What if we have another drought following this wet cycle, what if we have an advancement in land like we do in every 10-20 year cycle from the past, what if we have something positive happen in agriculture with all the technology and efficiencies we have implemented that has to be used by the masses due to it being one of the most “essential” industries available. We rented farms this year for less than half of what they rented for 8 years ago. What if you could buy a farm today, lock in low rates and rent it for double or sell the crop produced off it for double in the future?

High Point has had a huge increase in buyers looking for land, registering for online auctions, and watching our educational videos abut land investing in the last 14 days. We think there are bright days ahead for agriculture and land in the future. Call one of our agents to talk land today.

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What is Land Selling for This Month

What is Land selling for in Iowa, Wisconsin, or Minnesota? Land prices in the month of February 2020 were similar to January; trending up over last year with many new buyers coming into the market and many new listings, land rental availabilities, rural homes and land auctions hitting the market. We also have seen many new buyers entering the market exiting the stock market.

Land prices in the tillable sector ranged from $4,500-$11,000 per acre across our entire service area. This is a large range and was primarily based on quality, tile, drainage, buildable sites, access and location to grain markets. In South Eastern Minnesota Land Prices were in a tighter range from $5,000-$7,500. We do have a very high quality tillable tract coming on the market in MN with a wind rights payment over $8,000/acre. In Iowa land prices were easily calculated based on the CSR2 rating ranging from $90-$120/CSR2 Point. In Wisconsin tillable land prices ranged from $4,500-$12,250/acre increasing in price the farther south the farm was located. We have nearly 1,500 acres scheduled for public auction in three states this April that will give us a very good value range of all qualities in the public auction market. Farmland Leases ranged from $175-$300/acre depending on term and quality of the land.

Hunting land prices had an overall increase as well with timber quality, buildable sites, hunting neighborhood, income opportunities, and creek access leading the top interests. Hunting land leases have a similar quality to tillable land, all based on how the buyer wants to utilize the property. Hunting land with good top access, buildable sites for a home or cabin, and private trout fishing leads the value scale at an average of $4,000-$5,000+ per acre across most of our service area. Hunting leases for deer and turkey ranged from $10-$50+ per acre.

High Point is expanding our service area and has many land agent positions available on our careers tab of our website. We have been very blessed by wonderful clients and hardworking staff. If you know someone who is a great salesperson looking for an exciting career, we would be happy to talk to them. Thank you for a great start to first quarter and keep our agents in mind for helping find you a quality rental tenant or in any land buying or selling situation.

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What is Land Selling for This Month

What is Land selling for in Iowa, Wisconsin, or Minnesota? Land prices in the month of January, 2020 were up overall with many new buyers coming into the market and many new listings, land rental availabilities, rural homes and land auctions hitting the market.

Land prices in the tillable sector ranged from $4,200-$13,000 per acre across our entire service area. This is a large range and was primarily based on quality, tile, drainage, buildable sites, access and location to grain markets. In South Eastern Minnesota Land Prices were in a tighter range from $5,000-$7,500 for the most part with a peak of $8,000/acre at auction. In Iowa land prices were easily calculated based on the CSR2 rating ranging from $90-$120/CSR2 Point. In Wisconsin tillable land prices ranged from $4,500-$9,000/acre increasing in price the farther south the farm was located.

Hunting land prices had an overall increase as well with timber quality, buildable sites, hunting neighborhood, income opportunities, and creek access leading the top interests. Hunting land leases have a similar quality to tillable land, all based on how the buyer wants to utilize the property. Hunting land with good top access, buildable sites for a home or cabin, and private trout fishing leads the value scale at an average of $4,000-$5,000+ per acre across most of our service area.

High Point is expanding our service area and has many land agent positions available on our careers tab of our website. We have been very blessed by wonderful clients and hardworking staff. If you know someone who is a great salesperson looking for an exciting career, we would be happy to talk to them. Thank you for a great start to 2020 and keep our Agents in mind for helping find you a quality rental tenant or in any land buying or selling situation.

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What is Land Selling for This Month

Land for the month of December in Minnesota, Iowa, and Wisconsin was very stable. Land prices continued along the trend line that we saw for much of the year being very steady with few dramatic changes. If a property sold very high or very low in price, it was due to either very desirable features or quality or lack thereof.

Land Prices for Timber land ranged from $3,000-$6,000/acre. The quality of the hunting, access, timber itself, buildable sites, and water all played big roles in the value at which the property traded. In Minnesota we see recreational or timber land trading between $3,000-$4,000/acre and in Iowa and Wisconsin between $4,000-$6,000/acre. When we put buildings or tillable income producing acres into the mix, we add those benefits to the price of the overall property.

Tillable farmland traded from a range of $4,500-$11,000/acre this again was based on many features including size of the farm, quality of the soil, drainage, access to the fields, rental income, or restrictions on the property. Tillable land in Iowa traded with the widest range due to our service area, including hill county and high-quality flatland whereas Minnesota and Wisconsin were tighter ranging $5,000-$7,500/acre for most of our service area.

Factors of interest currently affecting land prices are Interest Rates, China Trade Deal, 1031 exchanges out of other real estate and the stock market.

If you or someone you know is interested in Buying or Selling land in Minnesota, Iowa, or Wisconsin; give one of our agents a call today.

Thank you all for another year. Our company continues to grow leaps and bounds due to our wonderful clients and we want to thank you for your trust, referrals and business in 2019 and the future.

― High Point Realty & Auction

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What is Land Selling for This Month

Land prices in the month of November 2019 trended down for new sales overall. We had a high number of successful closings from the previous 60 days that were higher than the overall new contract prices for new sales in the month of November. Some of the factors that affect land prices up and down were an interest rate decline, extremely wet harvest season, commodity market overall low, hunting season, or unstable rut activity.
The whitetail rut this year was very aggressive in some areas and seemed to be non-existent in others which was surprising due to the overall cold Midwest weather. Land prices traditionally were down in November due to the harvest being busy. However, we did see an increase of interest in hunting land, especially in whitetail properties during the middle of October through the end of the year. Hunting land annually has the most interest when people most enjoy their time in the outdoors. This time in the Midwest is during the late spring when it dries up and early fall before it gets too cold. When a buyer or current owner of hunting land is preparing or experiencing lower than expected results, they trade that property in on another or purchasing a property of their own to control that experience. Hunting land prices have remained stable to trending upwards and remain strong overall in Western Wisconsin, Southeastern Minnesota, and Northeastern Iowa. We have some of the best deer hunting in the country in these areas with huge body sizes, big antlers along with beautiful terrain, and excellent trout fishing. The general economy and growth in major cities in the areas of Rochester, La Crosse, Winona, Waterloo, Cedar Rapids, Dubuque, Minneapolis, St. Paul, Mankato, and Decorah are diversified and healthy also allowing for 1031 exchange buyers exiting out of other appreciated real estate into rural recreational land purchases.
Tillable land prices have remained stable in Northeastern Iowa and trended down in Minnesota and Wisconsin this month. This is because of the quality of the available tracts that were traded and additionally affected the struggling dairy commodities. 
If you or someone you know is interested in having a tract of land they own valued for a sale, check out our new land evaluator on our website. If you are wondering what is the best time to sell farmland or when is the best time to sell hunting land you are welcome to have a free no obligation evaluation completed by one of our knowledgeable agents. They are available to help and add value to any of your land questions.
We hope you had an enjoyable Thanksgiving and look forward to helping you with any of your land real estate needs. 

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October Land Report

Land prices for the month of October 2019 trended flat, however there was an increase in sales volume over the previous month. We have nearly tripled the amount of land sold company-wide over the previous month and prices remained stable in every category. In volume of land in specific categories we saw more acres of tillable land trade than timberland, which is due to tract size. The number of timberland vs the number of tillable land sales were very comparable. Land prices for hunting land ranged from $3000-$6000 per acre based on income, building site quality, deer management neighborhood, and state. Timberland is applicable as ”like-kind” real estate from a 1031 exchange perspective; so we did see that purchase method used multiple times exiting other land, commercial, or income producing residential real estate.

In tillable land, we saw ranges from $5000-$11,000/acre; this is again based on quality of CPI or CSR2, water or drainage, field size, rent ability, access, exposure, and geographic location. The prices in Iowa to be higher per quality point than Minnesota or Wisconsin land prices.

The question comes up consistently; “What are land prices doing?” This question obviously has many answers; although the stock market and economy are strong and interest remains low. We are experiencing tough Ag markets and weather in some areas, but the support from non-operator buyers or diversified operators out of farming is keeping the market strong. We have nearly 500 acres scheduled for auction in November and December, and we are expecting the market to be very strong through 4th and 1st quarters.

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September Land Report

September 2019’s Farmland Prices mirrored what they did in 2017/2018 especially at auction. Preharvest auctions that are strictly row crop farms can be a gamble, due to a few hot topics from our experience when sold preharvest. Operators are concerned with an early frost, wondering what yields will be, and have yet to harvest any of the inputs they have been putting in the ground all year. Investors are wondering if there will be an influx of sales post-harvest; flooding the market and creating a buying opportunity, so they remained patient with plenty of time before year end.

 The data from 2017 and 2018 similarly showed that good farms sold at expected prices from summer sales; primarily to neighboring operators or exchange buyers, however poor-quality farms were very hard to trade at market prices and have a qualified buyer bidding. When sold post-harvest the good farms brought the same or more, and the lower quality tracts had buyers at expected market prices. When timberland or multi-parcel bidding opportunities were added to the mix, they sold even higher especially if hunting rights were given for the current calendar year prior to closing.

Timberland prices for hunting, rural building, and timber investments has remained strong overall. We had a lot of questions regarding diseases affecting land prices and the answer is yes. There are less buyers for land in the areas that are having all the targeted animals removed. Timberland prices are determined by many factors; just like tillable acres, if you are interested in deer hunting and want a quality experience, you must go where the deer are. The negative will always have a positive effect elsewhere, and we have seen that evidence in hunting land prices continuing to be very strong in markets that do not have disease concerns.

We are very excited for the upcoming Hunting and Harvest seasons. Our agents enjoy few things more than having a client take an excellent crop, or world class animal off a property we helped them purchase. If you or someone you know is interested in buying or selling land give one of them a call. They are a wealth of knowledge in their market and happy to help anyway they can.

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August Land Report

Farmland Prices for the month of August 2019 showed stability and trending upward. There were many farms sold in every category with many different sales methods utilized.
High-quality property continued to bring top dollar while medium to lower quality tracts again were responsible for the stability. In Iowa we saw multiple high-quality farms go over $10,000 per acre, Wisconsin followed with over $7,200, and Minnesota in the high 6’s to low 7’s on the choice tracts. The recreational property followed suit with properties having great quality bringing well over $5,000 per acre in Iowa and Wisconsin and in the $3500-$4000 range in Minnesota. The medium to low quality tracts sold 25-55% lower depending on neighborhood, organic certification, timber quality, building site availability, and scarcity in the markets.
One point of major interest is the number of “investor” non-farmer buyers we have seen in the marketplace. With an interest rate decline, big stock market swings, and great rent support we have seen many non-operator or lease back situations taking place. Our buyers on tillable acres were more investor buyers than farmer buyers this month. Hunting land buyers this month were primarily people looking to build in the country, 1031 exchanges, stock market exits, Legacy purchases, and partnerships primarily focusing on whitetail deer hunting.
Land as an investment is often overlooked due to it not being very “noisy” in the grand scheme of investment options. Land as an investment not only produces a stable return but offers some unique opportunities that other investments cannot. Land as an investment provides our buyers with security, usability, infrastructure depreciation, appreciation, and cash flow.
If you or someone you know is interested in buying or selling land, have them give one of our agents a call. These people are top notch when it comes to answering land questions and most have owned many farms personally over their lives. We wish everyone a safe and prosperous start to harvest and hunting season.

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2018-First Quarter 2019 Land Report

Farmland Prices for the last 5 quarters have reduced overall about 7% during the term in our entire service area of MN, IA and WI. We have seen the high quality tracts hold their value slightly lower than where they were last year at this time. The mid to low quality tracts have slipped bringing down the overall average. Prices have currently stabilized in each category and we have many buyers in the market to purchase land in 2019. Our attention continues to be focused on interest rates, world trade, commodity prices, and weather for timely dry planting. Cropland lease rates have adjusted down an average of 9%.

Hunting & Rec Land Prices for the last 5 quarter term have increased 12% overall. The recreational property has a classification similar to tillable property. The properties of high quality have experienced a higher gain than the average bringing the marginal and low quality up with it. Timber, Hunting land quality, buildable sites, and water sources are some of the many
important topics determining quality. We currently have many buyers in this category as well and this market continues to rise with more interest as the weather improves.

Buyers of Land were 1031 exchange buyers, expanding farmers, recreational use, cash investors or re-entering past land owners, stock market exits, business use buyers, timber investors, and future home site buyers.

Sellers of Land were settling estates, 1031 exchange sellers, business partnerships, relocation due to hunting neighborhood, retiring farmers, geographically consolidating operators, and very few lender forced sales.

Sales Methods: our primary source of sales was traditional listings, follow by live and sealed bid auctions. We also completed a number of off market private sales and were involved in many 1031 exchanges.

We hope you find our annual High Point Land Report beneficial to you or your business. If you have questions regarding the information provided please feel free to contact our office at 507-218-1243 or Sold@hpraa.com

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Food Plot Design

The biggest factor of food plot design is having your food in the right location. This plot is on the south side of the wood edge which makes it very huntable with any predominant north wind. This weekend we knocked down a 40 yard patch to shoot with the bow from an elevated blind and made a path down the middle for 2 reasons. To see the deer coming from across the plot and to funnel them right to the stand. Every deer that came from behind the food plot took that lane right down to us presenting a broadside shot, including this tank of a buck. If you would like to put together a plan for your hunting property let me know. I would love to help you out!

 

-Minnesota Land Specialist Lucas Mestad

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Hunting Property Plan

After selling this hunting tract, the buyer asked me what I would do to improve the property.  I put this plan together for him, the green areas will be future food plots. The biggest plot to the south will be the late season plot to help hold deer through the winter months.  The other two will be early season staging plots to the larger food plot and to the major grain food source to the east.  The largest food plot will be planted with brassicas this year and will have brassicas and soy beans next year when he has the growing period needed.  The smaller staging plots will be planted with clover and chicory.  The red areas marked on the map are where the new owner will go in and cut down some tree tops and add thick cover with old Christmas trees and other things to help make those prime bedding areas.  Also, not shown he will add a small watering hole in the wash running through the middle of the property.  The property already has great deer and turkey traffic for 20 acres but this should really help pull some big bucks to the property.

 

-Minnesota Land Specialist Lucas Mestad

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What Are Land Prices Doing?

Farmland prices for the month of July 2018 were strong for the few sales that took place, however they were very limited in volume. Trade talks in interest rates continue to be hot topics however A quality farms that have come up for sale have achieved very high prices. Tillable land in southeastern Minnesota currently ranges between $5000-$9000 per acre regularly and our buyers are split 50-50 between operators and investors. In Northeast Iowa we are seeing tillable land sell between $5500-$10,000 per acre depending on quality and location. Hunting land in both states has consistently risen with buildable opportunities and high timber prices putting our recreational ground between $3000-$5000 per acre regularly. If you or someone you know is interested in buying or selling a farm give one of our High Point land agents a call to answer your questions. They are a great resource to use to your advantage. Have a wonderful rest of your summer and we look forward to a prosperous third-quarter and a great, safe harvest season ahead.
-High Point
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